Home / Knowledge / News / Apparel/Garments / Bibby funds apparel industry growth
Bibby funds apparel industry growth
Jul '10
Bibby Financial Services (BFS) has seen an uptick in apparel companies that are seeking factoring facilities to fund growth. BFS added several firms in Q2, ranging from start-ups to established companies. They include:

• A new high-end menswear importer and manufacturer, based in Montecito, CA, will use its $500,000 facility to fulfill large orders domestically and abroad.
• An importer of men's and women's high fashion apparel will use its $750,000 facility to expand the number of brands it imports.
• A Gardena, CA-based company that imports and manufactures intimate/sleepwear will use its $300,000 facility to fund growth. It was attracted to the option of using BFS's Purchase Order financing as the need arises.
• A previously self-funded Los Angeles-based handbag and ladies accessory importer will use its $100,000 facility to grow its business.

“This increase in apparel clients is encouraging for the industry,” said Nick Hart, managing director, Bibby Financial Services' West Coast operations. “In Q1, we saw many start-up apparel companies that wanted a cash flow solution in place to position them for potential growth after 2009's tough trading conditions. Now, as we wrap up Q2, we see some of our current clients expanding as we take on even more small- and medium-sized apparel companies that are reacting to increased demand.”

Bibby Financial Services is a worldwide market-leading specialist of business cash flow solutions to small- and medium-sized enterprises. With offices in 8 North American cities and 11 countries around the world, its product portfolio includes receivables finance, factoring, export finance, purchase-order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guarantee delegated authority program. Bibby Financial Services is a subsidiary of a 202-year-old privately held company based in the United Kingdom.

Bibby Financial Services (Holdings) Inc

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search